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== Consumers desirous of establishing a good credit record should start off by applying for a credit card. The companies that monitor credit history compile information based on your payments and responsible consumers build up a good credit report by promptly paying off what they owe. A second consideration, especially if the consumer did not qualify for a conventional credit card, is to apply for secured credit. This method lessens the lender's risk by having access to some kind of guaranty from the borrower in case of default. An alternative way is to have a person with a proven history of good credit co-sign a loan. These co-signers are a form of guarantee diminishing the lender's risk of non-payment.

Start small, usually with a gas station or department store credit card. Charge a couple of tanks of gas. Pay the balance as soon as the bill comes in, that is pay it early. You will be on your way then to establishing good credit.
Paying your bills in good time and opening a bank account is one f the best way to establish credit.

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โˆ™ 2015-09-24 22:05:21
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Q: How do you establish first-time credit?
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Related questions

How do you establish credit for the first time?

The best way to establish credit is to start with a secured card. With a secured credit card, your regular payments will be reported to the credit bureaus.


If you dont have credit history how are you going to get a credit card to establish credit?

year


How do I get my business to have credit?

You need to spend to establish credit. The general steps are to establish your entity, open a bank account, secure a credit card, and begin establishing credit through purchasing.


What must a person do to establish a good credit rating?

To establish good credit, a person must pay back all of the money in which he/she has borrowed through loans or credit cards.


Where can I find online information on how to establish business credit?

In order to establish business credit you need to take out a business loan or credit card. You can find info on the following site: http://www.experian.com/small-business/establish-business-credit.jsp.


How do you obtain credit with no credit history?

Apply at department stores for credit or small rent to own items to establish credit


How can I establish credit in the office?

You can do that by making sure your bills are paid on time and in full. You can also get a prepaid credit card in order to establish some credit without sinking yourself too deeply.


Where can one get a credit card with no credit?

It is often difficult for one to get credit card with no credit. Some banks offer MasterCard and Visa credit cards to those who are trying to establish a credit history. One can apply for these cards through a bank and see if there is an approval. If not one might wish to try to get a department store or gas company credit card to establish credit.


How can one get help on establishing business credit?

To establish business credit, open a business bank account and credit file. You should also establish a business phone number and uphold a tax identification number.


As a firsttime offender convicted of DUI OWI you could face?

c. both


Can a son or daughter establish credit by being granted signing authority on the parents credit card?

no


What is the term for the period when many western europeans travelacoss the Atlantic and pacifc oceans for the firsttime?

the age of exploration


What does it mean to establish credit?

if something ever happens to the person witht he credit then the creditor takes care of it.


How can you establish business credit?

The first step to establishing business credit is to register for a D&B D-U-N-S® Number, which is a unique, 9-digit identification number for your business. This can help you establish business credit without using your personal credit.


Can you open a credit card account for your child to help him establish credit?

I am not completely sure of the age, but I am seventeen and my sister is sixteen and my mother was able to get each of us a credit card. Her purpose was also to help us establish some credit. Of course we are on her account though, but the cards are in our name.


Why are you required to answer questions when applying for a loan?

They have to establish if you are credit worthy


How do you register with credit agencies?

Once you apply for credit, it will automatically establish a record with your information. It is a good idea to have proper knowledge in handling your credit affairs.


How do you establish business credit rating?

The first step to establishing a business credit is to register for a D&B D-U-N-S® Number, which is a unique, 9-digit identification number for your business. This can allow you to establish business credit without using your personal credit.


How do secure credit cards work?

you give them money before hand and then they let you have a card with their logo on it (visa, mastercard, etc) as a credit card and they report to the credit bureau for you to establish credit


How can my business report to the credit bureaus?

Three of the major business credit-reporting bureaus are Experian, Equifax and Dun & Bradstreet. The business must first establish an account with one of the bureaus and transfer information to that service. This process can help businesses establish credit.


How does one obtain easy credit?

Capitol One has pre-approved credit cards for those who's credit rating may need improvement, or those who need to establish credit and build a credit history.


How does one establish their own credit?

Take out a loan, make the payments.


What benefits would I get if I had a Visa Platinum card?

The benefits of acquiring a credit card is to build and establish credit for the future. A good credit score will get you alot of perks with companies.


How does a business report to the credit bureaus?

Three of the major business credit-reporting bureaus are Experian, Equifax and Dun & Bradstreet. The business must first establish an account with one of the bureaus and transfer information to that service. This process can help businesses establish credit.


How do I establish credit as a recent college graduate?

First off, congratulations on graduating college. Secondly, it will typically take six to twelve months of payments with all of your accounts in good standing to establish any sort of good credit.

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